Magnit OAO Recommends H1 FY 2013 Dividend Payment-Interfax

Thursday, 1 Aug 2013 12:12am EDT

Interfax reported that the Board of Directors of Magnit OAO has recommended that shareholders approve a dividend for the first interim of the fiscal year 2013 of RUB 46.06 per ordinary share, the Russian retailer reported. Altogether, the dividend will total RUB 4.355 billion. An extraordinary shareholder meeting has been scheduled for September 26 to approve dividend payouts. The list of shareholders with the right to receive dividends will be compiled on August 9.